Global Forex Prepaid Cards Market Size Study, by Type (Single Currency Forex Card, Multi-Currency Forex Card), by End User (Retail, Corporate, Financial Institutions, Government, Others) and Regional Forecasts 2022-2032

Global Forex Prepaid Cards Market Size Study, by Type (Single Currency Forex Card, Multi-Currency Forex Card), by End User (Retail, Corporate, Financial Institutions, Government, Others) and Regional Forecasts 2022-2032


Global Forex Prepaid Cards Market was valued at approximately USD 121.78 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 15.44% over the forecast period 2024-2032. Forex cards, also known as travel cards, represent a secure and cost-effective method for carrying foreign exchange and managing expenses while traveling abroad. These prepaid cards enable users to load multiple currencies, facilitating seamless international transactions. These cards offer competitive exchange rates, waived ATM access fees, zero cross-currency charges, and lower transaction fees compared to international credit or debit cards, along with exclusive discounts.

The Global Forex Prepaid Cards Market is driven by the increasing globalization of businesses and travel, leading to a surge in cross-border transactions and the need for secure, convenient payment solutions. Moreover, the growing popularity of online shopping has amplified the demand for prepaid cards as a preferred payment method for international transactions. Forex prepaid cards offer significant benefits, including lower foreign exchange fees and favourable exchange rates, further fueling their adoption. In addition, the penetration of smartphones and internet access in emerging economies presents a substantial untapped market for forex prepaid card vendors. However, ATM withdrawal charges and the risk of physical card theft is going to impede the overall demand for the market during the forecast period 2024-2032.

The key regions considered for the Global Forex Prepaid Cards Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America was the dominating among regional market in terms of revenue owing to factors such as increased consumer travel spending, opening significant opportunities for banks and forex prepaid card issuers across the region. These cards provide consumers the advantage of locking in exchange rates, protecting them from currency fluctuations and aiding in budget management. As a secure alternative to debit cards, they mitigate the risk of bank account breaches. The evolving role of forex prepaid cards from mere value storage to multi-utility tools necessitates robust infrastructure from financial institutions to support new prepaid products and services. Furthermore, the market in Asia Pacific is anticipated to develop at the fastest rate over the forecast period 2024-2032.

Major market players included in this report are:

HDFC Bank Ltd.

Axis Bank

American Express Company

Mastercard

Revolut Ltd.

Qantas Airways Limited

Thomascook.in

Wise Payments Limited

HSBC Group

Travelex International Limited

The detailed segments and sub-segment of the market are explained below:

By Type
• Single Currency Forex Card
• Multi-Currency Forex Card

By End User
• Retail
• Corporate
• Financial Institutions
• Government
• Others

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC

Latin America
• Brazil
• Mexico

Middle East & Africa
• Saudi Arabia
• South Africa
• RoMEA

Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market

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Chapter 1. Global Forex Prepaid Cards Market Executive Summary
1.1. Global Forex Prepaid Cards Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Type
1.3.2. By End User
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Forex Prepaid Cards Market Definition and Research Assumptions
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Consumer’s Perspective)
2.3.4. Demand Side Analysis
2.3.4.1. Regulatory frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
Chapter 3. Global Forex Prepaid Cards Market Dynamics
3.1. Market Drivers
3.1.1. Growth in Globalization and Cross-Border Transactions
3.1.2. Increase in Online Purchasing
3.1.3. Rise in International Travel
3.2. Market Challenges
3.2.1. ATM Withdrawal Charges
3.2.2. Risk of Physical Card Theft
3.3. Market Opportunities
3.3.1. Increase in Smartphone and Internet Penetration
3.3.2. Adoption of Cash Alternatives
3.3.3. Technological Advancements in Payment Solutions
Chapter 4. Global Forex Prepaid Cards Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Forex Prepaid Cards Market Size & Forecasts by Type 2022-2032
5.1. Segment Dashboard
5.2. Global Forex Prepaid Cards Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
5.2.1. Single Currency Forex Card
5.2.2. Multi-Currency Forex Card
Chapter 6. Global Forex Prepaid Cards Market Size & Forecasts by End User 2022-2032
6.1. Segment Dashboard
6.2. Global Forex Prepaid Cards Market: End User Revenue Trend Analysis, 2022 & 2032 (USD Billion)
6.2.1. Retail
6.2.2. Corporate
6.2.3. Financial Institutions
6.2.4. Government
6.2.5. Others
Chapter 7. Global Forex Prepaid Cards Market Size & Forecasts by Region 2022-2032
7.1. North America Forex Prepaid Cards Market
7.1.1. U.S. Forex Prepaid Cards Market
7.1.1.1. Type breakdown size & forecasts, 2022-2032
7.1.1.2. End User breakdown size & forecasts, 2022-2032
7.1.2. Canada Forex Prepaid Cards Market
7.1.2.1. Type breakdown size & forecasts, 2022-2032
7.1.2.2. End User breakdown size & forecasts, 2022-2032
7.2. Europe Forex Prepaid Cards Market
7.2.1. U.K. Forex Prepaid Cards Market
7.2.1.1. Type breakdown size & forecasts, 2022-2032
7.2.1.2. End User breakdown size & forecasts, 2022-2032
7.2.2. Germany Forex Prepaid Cards Market
7.2.2.1. Type breakdown size & forecasts, 2022-2032
7.2.2.2. End User breakdown size & forecasts, 2022-2032
7.2.3. France Forex Prepaid Cards Market
7.2.3.1. Type breakdown size & forecasts, 2022-2032
7.2.3.2. End User breakdown size & forecasts, 2022-2032
7.2.4. Spain Forex Prepaid Cards Market
7.2.4.1. Type breakdown size & forecasts, 2022-2032
7.2.4.2. End User breakdown size & forecasts, 2022-2032
7.2.5. Italy Forex Prepaid Cards Market
7.2.5.1. Type breakdown size & forecasts, 2022-2032
7.2.5.2. End User breakdown size & forecasts, 2022-2032
7.2.6. Rest of Europe Forex Prepaid Cards Market
7.2.6.1. Type breakdown size & forecasts, 2022-2032
7.2.6.2. End User breakdown size & forecasts, 2022-2032
7.3. Asia-Pacific Forex Prepaid Cards Market
7.3.1. China Forex Prepaid Cards Market
7.3.1.1. Type breakdown size & forecasts, 2022-2032
7.3.1.2. End User breakdown size & forecasts, 2022-2032
7.3.2. India Forex Prepaid Cards Market
7.3.2.1. Type breakdown size & forecasts, 2022-2032
7.3.2.2. End User breakdown size & forecasts, 2022-2032
7.3.3. Japan Forex Prepaid Cards Market
7.3.3.1. Type breakdown size & forecasts, 2022-2032
7.3.3.2. End User breakdown size & forecasts, 2022-2032
7.3.4. Australia Forex Prepaid Cards Market
7.3.4.1. Type breakdown size & forecasts, 2022-2032
7.3.4.2. End User breakdown size & forecasts, 2022-2032
7.3.5. South Korea Forex Prepaid Cards Market
7.3.5.1. Type breakdown size & forecasts, 2022-2032
7.3.5.2. End User breakdown size & forecasts, 2022-2032
7.3.6. Rest of Asia Pacific Forex Prepaid Cards Market
7.3.6.1. Type breakdown size & forecasts, 2022-2032
7.3.6.2. End User breakdown size & forecasts, 2022-2032
7.4. Latin America Forex Prepaid Cards Market
7.4.1. Brazil Forex Prepaid Cards Market
7.4.1.1. Type breakdown size & forecasts, 2022-2032
7.4.1.2. End User breakdown size & forecasts, 2022-2032
7.4.2. Mexico Forex Prepaid Cards Market
7.4.2.1. Type breakdown size & forecasts, 2022-2032
7.4.2.2. End User breakdown size & forecasts, 2022-2032
7.4.3. Rest of Latin America Forex Prepaid Cards Market
7.4.3.1. Type breakdown size & forecasts, 2022-2032
7.4.3.2. End User breakdown size & forecasts, 2022-2032
7.5. Middle East & Africa Forex Prepaid Cards Market
7.5.1. Saudi Arabia Forex Prepaid Cards Market
7.5.1.1. Type breakdown size & forecasts, 2022-2032
7.5.1.2. End User breakdown size & forecasts, 2022-2032
7.5.2. South Africa Forex Prepaid Cards Market
7.5.2.1. Type breakdown size & forecasts, 2022-2032
7.5.2.2. End User breakdown size & forecasts, 2022-2032
7.5.3. Rest of Middle East & Africa Forex Prepaid Cards Market
7.5.3.1. Type breakdown size & forecasts, 2022-2032
7.5.3.2. End User breakdown size & forecasts, 2022-2032
Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. HDFC Bank Ltd.
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Market Strategies
8.3.2. Axis Bank
8.3.3. American Express Company
8.3.4. Mastercard
8.3.5. Revolut Ltd.
8.3.6. Qantas Airways Limited
8.3.7. Thomascook.in
8.3.8. Wise Payments Limited
8.3.9. HSBC Group
8.3.10. Travelex International Limited
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
List of Tables
TABLE 1. Global Forex Prepaid Cards Market, Report Scope
TABLE 2. Global Forex Prepaid Cards Market Estimates & Forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Forex Prepaid Cards Market Estimates & Forecasts by Type 2022-2032 (USD Billion)
TABLE 4. Global Forex Prepaid Cards Market Estimates & Forecasts by End User 2022-2032 (USD Billion)
TABLE 5. Global Forex Prepaid Cards Market by Segment, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 6. Global Forex Prepaid Cards Market by Region, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Forex Prepaid Cards Market by Segment, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Forex Prepaid Cards Market by Region, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Forex Prepaid Cards Market by Segment, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Forex Prepaid Cards Market by Region, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Forex Prepaid Cards Market by Segment, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Forex Prepaid Cards Market by Region, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Forex Prepaid Cards Market by Segment, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Forex Prepaid Cards Market by Region, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Forex Prepaid Cards Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Forex Prepaid Cards Market Estimates & Forecasts by Segment 2022-2032 (USD Billion)
TABLE 17. U.S. Forex Prepaid Cards Market Estimates & Forecasts by Segment 2022-2032 (USD Billion)
TABLE 18. Canada Forex Prepaid Cards Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada Forex Prepaid Cards Market Estimates & Forecasts by Segment 2022-2032 (USD Billion)
TABLE 20. Canada Forex Prepaid Cards Market Estimates & Forecasts by Segment 2022-2032 (USD Billion)
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable
List of Figures
FIGURE 1. Global Forex Prepaid Cards Market, Research Methodology
FIGURE 2. Global Forex Prepaid Cards Market, Market Estimation Techniques
FIGURE 3. Global Market Size Estimates & Forecast Methods.
FIGURE 4. Global Forex Prepaid Cards Market, Key Trends 2023
FIGURE 5. Global Forex Prepaid Cards Market, Growth Prospects 2022-2032
FIGURE 6. Global Forex Prepaid Cards Market, Porter’s 5 Force Model
FIGURE 7. Global Forex Prepaid Cards Market, PESTEL Analysis
FIGURE 8. Global Forex Prepaid Cards Market, Value Chain Analysis
FIGURE 9. Global Forex Prepaid Cards Market by Segment, 2022 & 2032 (USD Billion)
FIGURE 10. Global Forex Prepaid Cards Market by Segment, 2022 & 2032 (USD Billion)
FIGURE 11. Global Forex Prepaid Cards Market by Segment, 2022 & 2032 (USD Billion)
FIGURE 12. Global Forex Prepaid Cards Market by Segment, 2022 & 2032 (USD Billion)
FIGURE 13. Global Forex Prepaid Cards Market by Segment, 2022 & 2032 (USD Billion)
FIGURE 14. Global Forex Prepaid Cards Market, Regional Snapshot 2022 & 2032
FIGURE 15. North America Forex Prepaid Cards Market 2022 & 2032 (USD Billion)
FIGURE 16. Europe Forex Prepaid Cards Market 2022 & 2032 (USD Billion)
FIGURE 17. Asia Pacific Forex Prepaid Cards Market 2022 & 2032 (USD Billion)
FIGURE 18. Latin America Forex Prepaid Cards Market 2022 & 2032 (USD Billion)
FIGURE 19. Middle East & Africa Forex Prepaid Cards Market 2022 & 2032 (USD Billion)
FIGURE 20. Global Forex Prepaid Cards Market, Company Market Share Analysis (2023)
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable

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